The Weekend Edition October 6th

3️⃣ Did you notice the changes on the website? Now there are three sections to make it easier to find what you are looking for: 

• For Investors 👀
• For Issuers 👀
• For Borrowers 👀

📝 A couple important notes:

• The Harrison’s next ex-dividend date is October 31st 2024. Invest before then to be included in the next month (and future) dividends. The Harrison projects monthly dividends. 📅
• Lina at QE Park is Back! The first tranche sold out in less than one week! This is an opportunity to indirectly invest in a Senior B Tranche of a first mortgage construction loan through a limited partnership. Invest by October 8th 2024 to qualify for the November interest payment and subsequent monthly payments. The campaign for this offering will end on October 8th 2024. 
• The first Hard Money Loan launched on the platform and sold out in less than 24 hours! Watch for the next one coming soon. 

Today’s reading time is 4½ minutes.

🔍 Current Opportunities 

There are 6 opportunities available on the platform for your review. Calgary, Saint John, Vancouver, Rockland, Hamilton & Toronto. Log into your account for details.

🤝 Recent Events 

The Keyspire Investor Summit 2024 was an incredible gathering of real estate enthusiasts, investors, and industry leaders, and we at addy are thrilled to have been a part of it! From networking at the booth to connecting with some major VIPs (Shaq was there!) and sharing our expertise on the stage, this year’s summit in Toronto was truly an unforgettable experience. Here’s a glimpse into everything that made our time at Keyspire so impactful. (Read More)

addy Co-Founder Stephen Jagger attended the Your Life. Your Terms. event, engaging in a fireside chat about addy’s growth and future, alongside real estate insights from Jim and Jamie Sheils, and networking with over 1,000 investors. (Read More)

📰 Industry News

Development, demolition incentives ramp up in Calgary

Downtown Calgary’s office vacancies continued to decline in the third quarter as the conversion of vacant and underutilized Class B space offset negative net absorption by right-sizing tenants. (Western Investor)

Burnaby Considering Easing City-Wide Inclusionary Rental Requirements

Next week, in conjunction with a substantial change to its development framework, the City of Burnaby will be considering a suite of significant changes to its Rental Use Zoning Policy, which dictates the requirements for projects that involve rezoning and secures the provision of rental housing. (Storeys)

High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC

Those in the housing and development industry will all tell you that the elevated interest rates over the past few years have been a significant challenge for them and that they’ve had to slow things down. That is no longer anecdotal evidence, as the Canada Mortgage and Housing Corporation (CMHC) can now put a number on this. (Storeys) 

What did you think of today’s newsletter? 🤔

Great 😊 | Solid 🙂 | Meh 🫤